Here’s A Comparison Of Fixed Deposit Interest Rates Offered By Top Banks

Fixed deposits (FDs) are secure financial instruments, which offer guaranteed returns. FD interest rates vary according to the tenure of the fixed deposit and across banks. In a fixed deposit account, money is deposited for a specific time, which varies from 7 days to ten years. Some fixed deposits come with a premature withdrawal facility while some require a compulsory lock-in period. Recently, top private lenders banks such as HDFC Bank and Axis Bank have revised their fixed deposit rates.